The National Energy Compact was officially launched on Thursday, in a landmark step to end reliance on power imports. The launch marked the country’s formal entry into Mission 300, a high-stakes global initiative led by the World Bank Group and the African Development Bank to provide electricity to 300 million people across Sub-Saharan Africa by …
Kazakhstan’s state-owned uranium producer Kazatomprom has signed an agreement to supply uranium products to Japanese utility Kansai Electric Power Co., the companies announced Monday. The agreement will provide uranium for Kansai’s nuclear power plants as Japan continues the gradual restart of its nuclear fleet. The deal was finalized during Kazakh President Kassym-Jomart Tokayev’s visit to …
Multi-billion-dollar uranium enrichment capacity expansion expected to create thousands of U.S. advanced manufacturing jobs and drive U.S. exports Centrifuge manufacturing begins New enrichment capacity expected to come online in 2029 Centrus Energy (NYSE: LEU) announced today that it has begun domestic centrifuge manufacturing to support commercial Low-Enriched Uranium (LEU) enrichment activities at its Piketon, Ohio, …
Namibia’s diamond revenues have been overtaken by income from other minerals for the first time. Namibia’s revenue from non-diamond minerals surpassed diamond revenues for the first time due to increased uranium production and rising gold prices. Diamond exports, traditionally a significant part of Namibia’s economy, saw reduced revenues due to declining natural diamond prices and …
AI boom, climate change measures increase demand as new mine investment lags The global trend toward restarting nuclear power plants — fueled by soaring electricity demand from the spread of artificial intelligence as well as climate change countermeasures — has prompted a rush on uranium, raising concerns about supply shortages. On Wednesday, the governor of …
Kazakhstan’s probable uranium reserves exceed 2 million tons, Energy Vice Minister Yerlan Akbarov revealed at today’s plenary session of the Kazakh Senate, Qazinform News Agency reports. He announced Kazakhstan’s prospective uranium reserves surpass more than 2 million tons. There are nine uranium provinces in Kazakhstan, including the Shu–Sarysu and Syrdarya basins, which are mainly represented by hydrogenic …
Amendments advance in parliament Amendments to Kazakhstan’s Subsoil and Subsoil Use Code, drafted by lawmakers, recently passed the Mazhilis (lower house) and await Senate review. The changes would require Kazatomprom, or a subsidiary, to receive a 90% stake upon any uranium contract renewal. «If a joint venture wishes to extend its contract, Kazatomprom or its affiliate …
View of Rössing uranium open pit mine. (Image courtesy of Rio Tinto.) China’s only uranium miner raised around 4 billion yuan ($570 million) as it debuted on the Shenzhen exchange on Wednesday, with its shares more than tripling in value. The initial public offering comes as China aggressively expands its fleet of nuclear power plants. It …
Uranium mining in Niger is at the center of a standoff between the junta that took power in 2023 and Orano, which is 90-percent owned by the French government and has operated mines in Niger for decades Niger’s military regime on Sunday announced it was putting uranium produced by Somair — a subsidiary of French …
Canada and India are close to finalising an export agreement in a deal valued at about US$2.8 billion, the Globe and Mail reported on Monday, citing people familiar with the matter. The deal for Canada to ship uranium to India would run for 10 years if finalised, the report said, adding that uranium would be …
